TechNavio Announces the Publication of its Report – Computer-aided Design Market in India 2011-2015

TechNavio Announces the Publication of its Report – Computer-aided Design Market in India 2011-2015
TechNavio today launched its report Computer-aided Design Market in India 2011-2015 based on an in-depth study exclusively focusing on India. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said; ”3D printing is evolving as a trend in the Computer-aided Design (CAD) industry, and it is becoming an essential part of the overall CAD solution. 3D printing is the new buzz phrase among CAD designers that rely mostly on 3D CAD designs. 3D printing makes it easy for designers to analyze and understand their designs in an efficient manner. It enables faster time to market, cost savings, and increased communication and collaboration. It also helps in creating better designs. Several CAD vendors are partnering with various 3D printer manufacturers to improve the interface between their technologies. Thus, 3D printing will have a positive impact on the CAD market in India as it provides end-users with several benefits.”
According to the report, one of the major drivers is the increasing investment in the Automotive industry. The Automotive industry is the major end-user in the CAD market in India, and it is growing at a steady rate. Several international automotive manufacturers are setting up their manufacturing bases in India because of the availability of skilled and cost-effective labor, and the increasing demand for automobiles in the country. Hence, the increasing demand for automobiles in India is driving the CAD market.
Further, the report also discusses that the high availability of open-source CAD software is affecting the growth of the commercial CAD vendors in the CAD market in India.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/computer-aided-design-market-india-2011…
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